Wake Up Call: Paul Hastings Chair Seth Zachary to Step Down

In today’s column, Debevoise is delaying its reopening to November; law firms are facing long delays getting their orders for key tech equipment such as laptops and webcams; Baker Botts said over $1 billion has been recovered in the Stanford ponzi scheme.

• Leading off, L.A.-founded Paul Hastings announced that its chairman of over 20 years, Seth Zachary, is stepping down and will be replaced in October 2022 by New York-based leveraged finance partner Frank Lopez, who’s also co-head of its securities and capital markets practice. Washington-based Sherrese Smith, vice chair of the data privacy and cybersecurity practice and ...